Benefits of Home Ownership | 6 Reasons to buy a home

Dated: February 3 2021

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6 Reasons to buy a home

  1. Equity
    Renting has often been compared to paying 100% interest, but when you own a home and a mortgage is in place, a portion of your payment goes towards the principal balance on your loan. This builds your equity and acts as a savings account.

  2. Roots
    People who own rather than rent stay in their homes 4 times longer. This provides an opportunity to get to know your neighbors and connect with your local community.  

  3. Education
    Research shows children of homeowners earn higher test scores and graduate at a higher percentage than those of renters. 
  4. Happiness
    The feeling of owning your own home is unmatched. You can fix it up, make it your own, get a dog, or plant a tree if you want. Doesn't that sound exciting?

  5. Tax Savings
    The government rewards homeowners by providing excellent tax benefits. The interest paid on your mortgage and other home-related expenses can generally be deducted from your income. 
  6. Appreciation
    Home Values have a well-documented history of going up over time. This increase becomes equity you can benefit from when you refinance or sell. 

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Benefits of Owning Home Ownership

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Radhames Tatis

I'm Radhames Tatis, family and friends call me "Rad". I'm a Bergen County resident, husband and father. I take pride in helping you find your next home or sell your current home when the time comes. I....

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